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Student name: For full credit please show all calculations and formulas used to answer the questions below. 1) The Bubba Corp. had earnings before taxes

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Student name: "For full credit please show all calculations and formulas used to answer the questions below. 1) The Bubba Corp. had earnings before taxes of $203,000 and sales of $2,030,000. If it is in the 51% tax bracket, its aftertax profit margin i 2) ABCCo. has an average collection period of 70 days for its accounts receivable. If total credit sales for the year were $4,600,000, what is the balance in accounts receivable at yearend? Assume a 360-day calendar year. (Do not round intermediate calculations. Round your answer to the nearest dollar amount 3) XYZ's receivables turnover is 27x. The accounts receivable at year-end are $470,000. The average collection period is 60 days. What was the sales figure for the year assuming all sales are on credit? 4) A firm has total assets of $1,910,000 and stockholders equity is $683,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) 5) A firm's long-term assets =$30,000, total assets = $250,000, inventory =$28,000 and current liabilities =$40,000. What are the firm's current ratio and quick ratio? (Round your answer to 1 decimal place.) Version 1

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